Comerica Bank Sells 5,623 Shares of Donnelley Financial Solutions $DFIN

Key Points

• Comerica Bank reduced its stake in Donnelley Financial Solutions by 21.5%, owning 20,555 shares valued at approximately $898,000 after selling 5,623 shares in Q1 2023.
• Several institutional investors, including Frontier Capital and Port Capital, made significant new investments in Donnelley Financial Solutions, contributing to a total of 93.84% institutional ownership of the stock.
• Donnelley Financial Solutions missed quarterly revenue estimates despite reporting an EPS of $1.49, beating estimates by $0.07, but with a year-over-year revenue decline of 10.1%.

Comerica Bank reduced its stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,555 shares of the company's stock after selling 5,623 shares during the period. Comerica Bank owned about 0.07% of Donnelley Financial Solutions worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DFIN. Versant Capital Management Inc boosted its position in Donnelley Financial Solutions by 197.2% during the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock worth $32,000 after buying an additional 493 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Donnelley Financial Solutions in the 1st quarter valued at $43,000. SVB Wealth LLC acquired a new position in shares of Donnelley Financial Solutions during the 1st quarter valued at $49,000. Meeder Asset Management Inc. lifted its position in shares of Donnelley Financial Solutions by 100.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,484 shares of the company's stock valued at $109,000 after acquiring an additional 1,245 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at $245,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

DFIN traded up $1.84 during trading on Thursday, hitting $55.92. 285,117 shares of the company traded hands, compared to its average volume of 203,571. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.54 billion, a P/E ratio of 19.76 and a beta of 0.99. Donnelley Financial Solutions has a one year low of $37.80 and a one year high of $70.55. The stock's fifty day moving average is $58.09 and its 200 day moving average is $52.91.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $218.10 million during the quarter, compared to analyst estimates of $226.13 million. Donnelley Financial Solutions had a net margin of 10.87% and a return on equity of 20.03%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. Donnelley Financial Solutions has set its Q3 2025 guidance at EPS.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 7,421 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $56.71, for a total transaction of $420,844.91. Following the completion of the transaction, the director owned 53,343 shares in the company, valued at $3,025,081.53. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Donnelley Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $71.33.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).